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Singapore-based MyDoc, leading Asian digitally managed care platform, has formed a joint venture with technology solutions provider UST Global to ‘cut health costs for working professionals in India.’
The joint venture combines MyDoc’s best practices in one of the world’s most advanced healthcare systems with a leading technology solutions provider to deliver healthcare services in India.
Digital managed care
The JV has established partnerships with healthcare providers, pharmaceutical companies, and diagnostic laboratories to launch the MyDoc value-based digital managed care model in Bengaluru.
The new company will deliver healthcare services to employees of banking and technology multinational corporations.
Starting with over 14,000 employees at UST Global centres throughout India, it will tackle employee health, target chronic lifestyle-related diseases as well as rising cost of care here.
“Traditional healthcare market in India is led by hospital-based groups and prices in the sector have increased beyond reach for the middle class," says Snehal Patel, CEO and Co-Founder, MyDoc.
“Average annual increase in healthcare premiums borne by employers have been growing by as much as 50 per cent since 2005 - with premium ratios rising over 110 percent,” he said.
According to Sajan Pillai, CEO, UST Global, the joint venture will deliver patient-centric care through personalised digital interventions, disease awareness, and home-based care.
Integrating health data
“The platform will improve the outcome for chronic illness through improved access to care and better care coordination,” Pillai said.
MyDoc identifies individual patient health profiles by integrating objective clinical lab test results and subjective health data from both lifestyle and clinical-grade wearables.
It also analyses the language patients use when describing their symptoms and case notes from attending clinical care teams.
Technology-enabled clinical decision support tools within a patient-centric clinical triage (order of treatment) tailored to individual patients helps physicians deliver prognoses and treat patients.
In September 2017, UST Global had made a strategic investment in MyDoc to expand its digital offerings in healthcare.
The investment had funded MyDoc’s ongoing initiative to drive population-wide digital health programmes, including disease management and health data tracking.
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